Surgical Training and Simulation Market – By Offering (Product [Synthetic, Electronics], Software, Service), Specialty (Cardiac, Gastroenterology, Orthopedic, Oncology, & Neurosurgery), By Technology (3D Printing), End-use – Global Forecast (2024 – 2032)
Report ID: GMI9408
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Published Date: May 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 15
Tables & Figures: 220
Countries covered: 22
Pages: 122
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Surgical Training and Simulation Market
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Surgical Training and Simulation Market Size
Surgical Training and Simulation Market size was valued at USD 575.8 million in 2023 growing at a CAGR of 15.5% between 2024 and 2032, driven by factor such as the increase in the demand for minimally invasive procedures, owing to various benefits such as reduced recovery time and smaller incisions.
Also, there is a greater need for surgeons to be proficient in minimally invasive surgical techniques, thus healthcare simulation provides a safe environment for surgeons to practice these skills before performing them on patients. Moreover, technological innovations such as virtual reality (VR), augmented reality (AR), and 3D printing have revolutionized surgical training methods, making them more immersive and realistic. Therefore, the surge in technological advancements in simulation technology have led to the development of more sophisticated and realistic simulators that drives the growth of the market.
For instance, in May 2022, Medical Microinstruments (MMI) introduced the Symani surgical system simulator to help surgeons improve their skills in a safe, simulated environment. The new simulator is developed by medical simulation training company VirtaMed. Thus, this will increase the demand for surgical simulators that will propel the growth of the market.
Surgical simulation is a specialization of medical simulation in which healthcare trainees and professionals learn modern surgical interventions by utilizing surgery simulator technologies. Surgery Simulations can range from simple suture practice for a single learner to advanced robotic surgery simulations for an entire interprofessional surgical team. Simulation within surgical training and practice is defined as any activity that aims to imitate an environment in order to inform, modify or assess skills and behaviours.
Surgical Training and Simulation Market Trends
Due to recent advances in augmented and virtual reality in healthcare, virtual surgery training is a quickly expanding sector within the broader field of healthcare simulation.
Similarly, few of the key players in the market that provide VR surgery training programs include FundamentalVR, Osso VR, PrecisionOS, and various others. Thus, the growing adoption of virtual reality along with availability of players in the market is expected to increase the demand for surgical simulators, thereby augmenting the market growth.
Surgical Training and Simulation Market Analysis
Based on offering, the global market is classified into products, services, and software. The products segment dominated the market with revenue of USD 300.1 million in 2023.
Based on the technology, the global surgical training and simulation market is classified into virtual interactive presence and augmented reality (VIPR), minimally invasive surgical trainer virtual reality (MIST - VR), 3D printing, and other technologies. The minimally invasive surgical trainer virtual reality segment dominated the market with market share of 37.6% in 2023.
Based on the specialty, the global surgical training and simulation market is classified into cardiac surgery, gastroenterology, neurosurgery, orthopedic surgery, oncology surgery, transplants, and other services. The orthopedic surgery segment dominated the market in 2023 and is expected to reach USD 625.9 million by the end of 2032.
Based on end-use, the surgical training and simulation market is classified into hospitals, specialty clinics, academic & research institutes, and other end-users. The hospitals segment is expected to exhibit 15.8% CAGR between 2024 – 2032.
In 2023, North America secured a substantial market share of 48.2% in the global surgical training and simulation market and is expected to dominate throughout the forecast period.
India surgical training and simulation market is expected to grow with a significant CAGR during the forecast period.
Latin America secured a substantial market share in the global surgical training and simulation market.
Surgical Training and Simulation Market Share
The competitive landscape of the surgical training and simulation industry is characterized by the presence of established companies that manufacture advanced surgical training and simulation products vying for market share. Key players are engaging in strategic initiatives such as collaboration, investment, and partnerships to strengthen their product portfolio. The companies are actively adopting a multi-pronged approaches to address the rising demand for surgical training and simulation.
Surgical Training and Simulation Market Companies
Prominent players operating in the surgical training and simulation industry are as mentioned below:
Surgical Training and Simulation Industry News:
The surgical training and simulation market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Offering
Market, By Technology
Market, By Specialty
Market, By End-use
The above information is provided for the following regions and countries: